1.The First Mortgagee and the Second Mortgagee Agree to Arrange Priorities in Respect Of

DEED OF PRIORITY (LAND) – TWO MORTGAGEES
PARTIES
Mortgagor / ______
First Mortgagee / ______
Second Mortgagee / ______
DEFINITIONS
First Mortgage / The mortgage instrument granted by the Mortgagor in favour of the First Mortgagee over the Mortgagor's interest in the Land (whether or not that mortgage is also over other interests in land) being:
Mortgage Dated//
Registered Number
Registry
First Mortgagee Amount / $
Interest Period / ___ months
Land / The land described in
Identifier
Registry
together with any right to payment that arises in connection with the Mortgagor's interest in that land and includes any part of it.
Second Mortgage / The mortgage instrument granted by the Mortgagor in favour of the Second Mortgagee over the Mortgagor's interest in the Land (whether or not that mortgage is also over other interests in land) being:
Mortgage Dated//
Registered Number
Registry
Second Mortgagee Amount / $
PROVISIONS

Priority

1.The First Mortgagee and the Second Mortgagee agree to arrange priorities in respect of the First Mortgage and Second Mortgage on the terms set out in the Document.

2.For the avoidance of doubt, the provisions of the Document do not apply to the voluntary sale of Land effected by the Mortgagor.

Mortgagor acknowledgement

3.The Mortgagor acknowledges that the First Mortgagee and the Second Mortgagee are entering into these priority arrangements.

Incorporation of provisions

4.The parties acknowledge and agree that if a schedule of termshas been attachedto this deed, then the provisions in that schedule are incorporated into this deed. Otherwise, the provisions in the scheduleentitled Deed of Priority (Land) – Two Mortgagees – Schedulewith version reference 2014 3(b)on the website incorporated into this deed. The definitions above (which encapsulate the commercial terms of the priority arrangements) are to be read and applied in terms of the relevant schedule of terms.

Additional provisions

EXECUTED AND DELIVERED AS A DEED DATED

Mortgagor in the presence of:

______

Mortgagor SignatureMortgagor Signature

______

Mortgagor NameMortgagor Name

______

Witness Signature

______

Witness Name

______

Witness Occupation

______

Witness Address

Mortgagorby:

______

Director SignatureDirector Signature

______

Director NameDirector Name

First Mortgageeby its attorney in the presence of:

______

Attorney Signature

______

Witness Signature

______

Witness Name

______

Witness Occupation

______

Witness Address

First Mortgageeby:

______

Director SignatureDirector Signature

______

Director NameDirector Name

Second Mortgageeby its attorney in the presence of:

______

Attorney Signature

______

Witness Signature

______

Witness Name

______

Witness Occupation

______

Witness Address

Second Mortgageeby:

______

Director SignatureDirector Signature

______

Director NameDirector Name

Version 2014 3(a)Page 1